Sanatana Identifies Significant New Gold-Copper Exploration Target

2017-11-28 / @nasdaq

 

VANCOUVER, British Columbia, Nov. 28, 2017 (GLOBE NEWSWIRE) -- Sanatana Resources Inc. (“Sanatana” or the “Company”) (TSX-V:STA) is pleased to provide this exploration update to its shareholders.

During the months of September, October and November, Sanatana was busy conducting exploration on the Jackfish property.  The exploration included a detailed airborne magnetic survey utilizing Stratus Aeronautics' multi rotor UAV platform.  The survey covered an area of 5.6 square kilometres over the core of the high priority targets on the Jackfish property.  Infill lines of VLF were collected by Company field personnel over the Rudy #7 target and between the North and Hematite Zones.

The new geophysical data has greatly enhanced our knowledge of both the overall structural setting and the numerous individual mineralized showings on the property.  A distinct magnetic anomaly has also now been tied directly to a significant copper soil anomaly previously identified on the property.  The coincidence of the soil anomaly with copper values up to 769 ppb combined with a grab sample of mineralized float from the area that returned assay values of 14.9 g/t Au, 6.5% Cu, 7.5% Pb and 1% Zn as well as the underlying magnetic signature has elevated the status of this target to become a high priority for drill testing.

Peter Miles, President and CEO, stated: “The newly acquired geophysical data has increased our knowledge and confidence in the exploration potential of the Jackfish property and provides evidence of additional styles of mineralization that may be present.  We look forward to commencing a drill program on our priority targets once final detailed geophysical modelling is completed and it should be noted that the Jackfish property can be drilled throughout the winter season. 

“Sanatana continues to be active in the identification and acquisition of additional mineral projects.”

The information in this news release was prepared under the supervisions of Troy Gill, BSc. MAIG, Exploration Manager for Sanatana. Mr. Gill is a Qualified Person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Technical Projects and has reviewed and approved the technical information disclosed in this news release.

About the Company

Sanatana Resources Inc. is a mineral exploration and development company that has optioned the Jackfish gold property in northwestern Ontario. With an experienced management team and board of directors, the Company has the ability required to identify, develop and fund economic mineral properties. Sanatana is based in Vancouver and is listed on the TSX Venture Exchange (TSX-V: STA).

SANATANA RESOURCES INC.

(signed) “Peter Miles______________

Peter Miles
President and Chief Executive Officer

For additional information on the Company, please contact:

Mr. Peter Miles, President and Chief Executive Officer at (604) 408-6680 or email investor@sanatanaresources.com.

Cautionary Statement Regarding “Forward-Looking” Information

Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Sanatana’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok